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>> hello and welcome. coming up, the debates. enough with new taxes. that cry coming from the european commissioner with a warning to france. they are pondering a new carbon tax. a new push back of the retirement age that goes beyond that enacted by the conservative predecessor. does he have the answers? does he have what it takes, the political clout to kickstart an economy that is falling further behind? that's will be -- >> beginning in the newsroom where the focus once again is squarely on syria. let's say hello. how are you? >> very well. syria is donating. these are the headlines. their probe says the security council must uphold its responsibility of chemical weapons. as the national security council bags action, urging us to wait. it has been 50 years since the i had a dream speech. martin luther king will be at the very spot where martin luther king delivered his iconic ledge. the united kingdom is pulling a resolution to the united states security council, authorizing necessary measures to -- russia has urged the west to wait for a report before introducing blame
whether the specific changes they came up with on the tax side or the spending side actually met the target. if you didn't meet that target then one of two things that have happened. they would have gone back to the drawing board and added things that would have brought them up to the target for the difference between what they did they had the ultimate target which is what is now going to happen and once the change is made. >> what do we mean by scoring? >> cbo is required to do cost estimates. and that's a very important role in the sense that what existed prior to that point there was no no thundering these cost estimates and the way that would find them necessarily trust for the prior year to the creation of cbo. but what happened is you would either have the president's budget office and budget what do they cost estimate that wasn't immune from the influence and whether the president actually likes this particular bill or didn't like this particular bill or worse yet, you might have the sponsor of the particular piece of legislation being the one to do the cost estimate so t
at what his work means for some of the cases. how about a tax exempt status for atheist groups? there is a battle in the courts brewing over this issue. we will tell you more later in the show. hello, it's friday, august 23 in washington, d.c. we start our newscast in yemen where the countries leaders have requested drone technology in order to increase the country cost defend -- the country's defense against militants. weeks after american drone strikes hit the country nine times in a two-week period. the u.s. and other western countries closed a number of embassies as a result of and i qaeda threat -- as a result of an al qaeda threat. according to the associated press, the president said the u.s. jones had been carrying out attacks in yemen in accordance with an agreement to combat terrorism. it was signed by the u.s. and former yemeni president after the september 11 attacks. the u.s. acknowledges it has a drone program which is conducted from within the country. it does not disclose information about individual strikes. whethenow to an ongoing issue oe nsa. it has been th
. it cannot invest in infrastructure. it cannot change the tax code. it has to convince people to do things. how does it convince people? the idea is very simple. maybe companies will invest more who owns financial assets? you have this irony in using imperfect policy by necessity, you make income inequality worse. >> ms. bair, do you believe that this is contributing to the widening of income inequality? >> i do. it is not trickle down. it has resulted in financial asset inflation. that benefits people who own financial assets who are the wealthier folks. there are not quality jobs. the vast majority of people in this country -- they don't own financial assets that have been inflated through this aggressive monetary policy. i think they wanted to create jobs but it is not happening. >> what is the biggest risks to the economy right now? >> i think the unsustainability of the course that we are on. we have tepid growth and we are too much trying to go back to the past. it is just not sustainable. you need real wage growth. you need production of real goods and services that others will want
and those are tax and regulatory and fiscal issues, but here's what bernanke did. i think he poured in a lot of cash and i may not like the way he structured the portfolio, but whatever. the demand for cash in a deleveraging society, the demand for cash when people didn't want to take any risk and were totally risk averse, following the great recession and the sell-off of '08 and i think bernanke finally figured out that we need cash, banks want cash. consumers want cash. i think that's his singular contribution. the demand for cash. he supplied it. >> it's not just that. what we have is the supply out there for it, but now you have to see the demand for the cash pick up, right? what jim's point about the new home sales it is important because it is one data point that this is a u.s. housing recovery. it's modest and not gangbusters, but it's going along. will it continue if there still is this idea that interest rates are headed higher and there isn't that demand there. will rates on the rise zap that demand. >> actually, i'd be a bare of bonds now and nobody believes me. i would be a buyer
the taxes down. didn't do stimulus packages. gets down on the regulations that strategy worked even though times were tough in the early '80s. we had higher unemployment than we have now. melissa: hard to stick to your guns that that situation. second rule, rule of law over arbitrary actions of the government. can you give us an example? >> sure. right now recently the new health care law it was extended mandate about firms having to provide it. of course that is a change in the rule of law. now we don't know exactly what the rule is going to be. then there's a special examples where you say bail out a firm because you think it needs help. you hurt the economy and don't bail out others that is violating the bankruptcy code. it is becoming more and more prevalent unfortunately we're not sticking to rule of law. that is one of the things so subtle and so important about an economy. in the past we've done that things work much better. melissa: you say we shouldn't have done away with the law when we were getting rid of employer mandate. i did too many negatives there. you know what i mean. em
they live in. we examine the impact of this shift in federal tax law. >> brown: the n.f.l. agreed to pay $765 million to former players for concussion-related brain injuries. we get the details of the proposed settlement. >> woodruff: it's back to school time, but a number of communities face classrooms that are failing their students. we have a report on the important role principals play in education reform. >> brown: and we continue our look at the legacy of the march on washington 50 years on. tonight, reflections on the challenges ahead for martin luther king's vision for a multi-racial democracy. >> 40% of whites don't have friends outside of their own race. so in some ways we're still as segregated as we were 50 years ago and i think that king would be very concerned about that. >> woodruff: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and fi
sales and income taxes and the state, it's a shame. >>mark: and microsoft. ceo retiring. that this peace comes from the new york times basically saying back in 2004 microsoft have $50 billion in cash and they did a one time dividend. they didn't fit but sam cooke took over for steve jobs. the bombers took over for bill gates. tim cook is following the same exact pass. apple has $100 million cash. or they do dividends. we will take a break and be right back with rob black and your money. it's great having at&t u-verse high speed internet. walter likes to download fix-it videos... and watch "boardwalk empire." it helps sam with math... [ beeping ] ...and online gaming. and suze loves her smartphone for "social" studies... like video-chatting with sara. hi, ms. kelly. hi, sara. [ male announcer ] call to get the fastest internet for the price -- $14.95 a month for 12 months with a 1-year price guarantee. on our newly expanded advanced digital network, get more connectivity, reliability and speed options -- now up to 45 megs. we have our own private wi-fi hot spot -- right here. getting conn
plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union
gives big tax breaks to thousands of small businesses. now it wants the money back. gee, can't imagine why so many businesses are leaving the state, can you? you won't believe this one. >>> one of silicon valley's outspoken ceos stacks his own company up against uncle sam. he is here to give the startling results of the wait until you hear this. more "money" coming up. ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 bs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. ♪ melissa: boy he who giveeth can taketh away. the state of california ordering small business owners to pay back millions of dollars in back taxeafter letting the very owners take the tax break legitimately years ago. the total could hit $120 million. it is another case of government gone wild. we'll g
't. >> neil: ladies, thank you very much. john kennedy says what? tax cuts? a lot of you think i edited that jfk interview in which he calls for tax cuts. you're right, did edit it. you should hear what i left out. and you know what next? you will. . [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ >> neil: jf what did he say? more than a few of you absolutely stunned to hear john f. kennedy talking about tax cuts half a c
has a big problem with the tax man. not what the tax man is doing, the shaky law he is using to do it. [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ neil: okay this is enough for me, the plug-ins are getting out of control, this one crosses the line, it a fold up car, usually i joke about not being able to fit into such cars, but this one, i don't think that anyone can. it has so the yo set you off on, one write, freaky, i would not last 30 seconds on l.a. freeways. and one of our followers thanked us for the good laugh. what do you think? does this th
is a big democrat at that he has a big problem with the tax man. not what the tax man is doing, the shaky law he is using to do it. one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing contest and go! ♪ win! what's in your wallet? [ male announcer ] staying warm and dry has never been our priority. ♪ catering to the conveniently lated has never been our priority. our priority is, was and always will be serving you, the american people. we get to see everyone in america almost every day. and we've noticed that you're sending and receiving more packages than ever. so we wanted to give you a more riable way to ship them. with improved priority mail flat rate. don't just take our word for it -- now we'll prove it every step of the way with tracking up to eleven scans, specified delivery dates, and
tax returns. in the rewrite. >>> as reported here last week, terry dunlap sr., a former ohio police chief accidentally shot a student last week during a gun safety class. the student was only slightly injured and he told the columbus dispatch, up until he shot me accidentally, it was a very informative and i learned a lot. and you know the hunting trip with dick cheney was great until he shot the guy beside him. and you know it turns out this was not the first time terry dunlap accidentally shot somebody. the report showed he fired a .38 caliber handgun into the air during a hay ride as a scary stunt for his daughter and friend. a bullet ricochetted and hit a 14-year-old girl in the leg. when she heard about the latest shooting, she said, oh, no, he has done it again. >> you object to showing an identification card when you vote? [ female announcer ] made just a little sweeter... because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. also available in delicious pean
they have to file their federal tax returns. in the rewrite. ♪ (woman) this place has got really good chocolate shakes. (growls) (man) that's a good look for you. (woman) that was fun. (man) yeah. (man) let me help you out with the.. (woman)...oh no, i got it. (man) you sure? (woman) just pop the trunk. (man vo) i may not know where the road will lead, but... i'm sure my subaru will get me there. (announcer) love. it's what makes a subaru, a subaru. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ . >>> as reported here last week, terry dunlap sr., a former ohio police chief accidentally shot a student last week during a g
the cheeseburgers, across the pond, denmark is the first country in the borl to i remember pose a fat tax. >> john: some say consumers should pay more to buy less healthy food. >> denmark has decided to implement a fat tax. basically you go to the supermarket and you buy a food above a certain level of fat, they charge you extra. we feel good about this? >> john: it passed danish parliament but switch to cheaper foods that were just as unhealthy or shop at neighboring countries. within one year they repealed the fat tax. they repealed it. >> they repeal it, i think they aremaking a big mistake. >> john: they tried your dumb idea for a year, they said -- oh my goodness,ad idea. >> i believe great ideas. >> john: under great ideas is texas on candy or fast food. how do you define a fast-food you can go to mcdonald's or you can order a big mac. you will bet the lobbyists will make the rules. >> john: they have a problem with the candy tax. they decided this hershey bar is taxable candy but this one isn't because it contains flour. store clerks don't know what to charge. >> flour, sugar and eggs and s
in the borl to i remember pose a fat tax. >> john: some say consumers should pay more to buy less healthy food. >> denmark has decided to implement a fat tax. basically you go to the supermarket and you buy a food above a certain level of fat, they charge you extra. we feel good about this? >> john: it passed danish parliament but switch to cheaper foods that were just as unhealthy or shop at neighboring countries. within one year they repealed the fat tax. they repealed it. >> they repeal it, i think they are making a big mistake. >> john: they tried your dumb idea for a year, they said -- oh my goodness, bad idea. >> i believe great ideas. >> john: under great ideas is texas on candy or fast food. >> how d you define a fast-food you can go t mcdonald's or you can order a big mac. you will bet the lobbyists will make the rules. >> john: they have a problem with the candy tax. they decided this hershey bar is taxable candy but this one isn't because it contains flour. store clerks don't know what to charge. >> flour, sugar and eggs and salt. >> her dessert won an award. >> don't you think are
paying. they paid a tax shillings to the pound. another indicate the tax is paid and another indicate the taxes in arrears. james lacy was paid in full and not in a rears. the tax in 1846 was cut in half from the previous year. the year 1847 shows something else. the people were taxed in may of 1847 and pay a 4 fold increase and in october of 1847, 15 times what they were paying in 1846. this amounted to a 900 percent increase in tax in less than a year. still james lacy was paid in full and not in arrears. i show the book to the librarian who knows i am reading papers to look for clearance notices and says, there's your answer now you know why they left. newspaper mentioned the establishment of insolvant commission. in commission states the tax afforded the clearance amongers the most effective means of getting rid of this agricultural population. some landlords were praised as humane for forgiving 3-4 year's rent or accepting what people could pay. these landlords were in the minority and the landlord of cottage where nie family lived was not among them. rate payer books for 1848 is
family or families -- spouses or families if you exceed a certain limit. that benefit will be tax and the company could drop the coverage. what do you think? >> it has nothing to do with obamacare. this is only a matter of time before the republicans blame obamacare for rising sea levels. this has nothing to do with federal legislation and everything with common economic sense. if husband and wife are both working why should the wife's employer pick up the cost for both of them? why shouldn't the husband's employer pick up its share of the family's health bill? that is fair. by the way, they're not dropping kids. they're just dropping the spouses -- >> no. wait a minute. you're -- wait, hang on. let's go to rich carlsgard. the law says rich, spouses or families. if your benefits are at a certain lel the companies will be hit with a tax on that plan. they could be -- i'm talk about the extenses of the plan. they could be hit with a tax. the companies in fact are telling kaiser-permanente the companies are saying they may drop the coverage. go ahead, rich karlgaard. >> you can't kee
specialist to three years for selling client data to german tax authorities. the 54-year-old german-born man was charged with industrial espionage and money laundering after selling a cd containing account information. germany paid him 1.1 million euros for the information. he agreed to a deal with prosecutors that would allow him to serve half the sentence on probation. and better-than-expected euro zone economic data bolstered investor sentiment today. let's have a look now at how the financial markets performed. in frankfurt, the dax was up 1.3%. the euro stocks moved higher 1.3% as well. at last check, the dow jones average is up .37%, and the euro slightly down, trading currently at $1.3349. >> it is being called china's trial of the century, and the plaintiff says he was framed. >> bo xilai, the man who once was set to run the communist party, is accused of accepting over 3 million euros in bribes. this is his first public appearance. >> and a very un-chinese style, he is strongly denying the charges. >> bo xilai arrived at the courthouse under police escort. as well as bribery, prosec
troublesome. >> in germany, consumers are shopping. the tax man is happy. >> well, in the ease of prayers, they were blasted into death. dozens of people in lebanon died friday when car bombs exploded outside to mosques. >> it happened in the northern city of tripoli and marks the biggest escalation of sectarian violence since the war began in serious two years ago. >> we will go live to beirut in just a moment, but first, our report on the blast, and many viewers may find the images disturbing. >> cctv footage shows sunnis praying in central tripoli moments before a car bomb explodes outside. people rush to escape falling debris. smoke billowed from the car which concealed the bomb. passersby tried to extinguish the flames and help the wounded. almost at the same time, a bomb exploded near tripoli's port about two kilometers away. authorities suspect the blast were coordinated terror attacks designed to deepen sectarian divisions in lebanon. dozens of people were killed and hundreds wounded. the city's hospital struggled to care or so many people being brought in at once. many were in cr
and the prices go as high as $800 interest some t dr creates revenues through tax. new york politics the transfer taxes on t dr sales. so in terms of our recommendations for publicly owned t dr we're suggesting that t dr for city buildings be certified for eligible for t dr programs and the 10 year capital plans. we suggest that the department of real estate be allowed to transfer those t drs and the department of real estate will do this based on the tractions. and we also suggest that the board of supervisors considered designating properties owned by port to be eligible for t dr. those 3 piers and one important thing is to set the t dr for the port properties. other remthsdz, you know, we noticed there's a need to balance you know the historic preservation goal paid through by impact fees. you know the t dr program was put in there from 6 to one to 9 to one. but above that there are impact fees charged in the plan. in terms of information that's one of the big exchanges we heard about when he did the interviews. we recommend additional reporting on the annual usage of t dr and the market prici
coming up, the sequester controversy, the president wants to raise taxes again. and he knows the republicans are afraid every time he says shutdown. i think the republicans should be the one who stand up and say, mr. president, this bill is unfair. you've given waivers to congress. you've given waivers to big business. but you haven't given any waivers or delays to average americans. we need to stop the implementation of this bill. neil, i think it comes down to courage. and what i've said many times this week, since when do americans not fight for what's right because they're afraid they might lose? i think if people ran their campaigns on stopping this terrible law, then they should step up to the plate and do it. >> speaker boehner -- well, it's a separate issue in a way, senator, wants to do something to kind of keep the government going for another 60 days as sort of a, you know, a limping measure to try to keep things going. but another delay avoids any serious problems in 60 days and come back. but we've seen this before, both parties have played this game before. what
is the opposite of hooray? booo. >> he is getting bitter. they want to tax bats. they want to tax baseball and other discriminatory groups. the group named the boy scouts, the future farmer of america has examples of groups that could lose their tax relief if found to discriminate against stuff like sexual orientation and nationality and freckles. supporters of the bill says groups should not get preferable treatment from the irs if they discriminate. it forces organizations with faith-based beliefs to adopt the government's outlook on sexual orientation and gender identity. meanwhile, kitty tether ballers of america are exempt for some reason. >> can i ask you? >> what, robert? >> what did you say? what tether ballers? >> cat tether -- -- what did yoi said? >> the other word, not kitty. >> oh, feline. >> it is called the youth equality act, robert. how can you be against something like that? >> who said i was against it? >> i don't know. i am accusing you of something. >> i think even should have equal whatever they want. what happened to the last 50 years? these organizations were thrivi
: boo-yah. >> boo-yah, morgan. >> caller: hello, cramer. my question is about taxes. i have a regular brokerage account, but as we will be approaching the end of the year, for someone who is just going to be starting to think about tax defer, where would be a good place to start? >> well, i've got to tell you, i don't want you to think about taxes. one of the worst decisions i made was dictated by my broker who said it's time to ring the register because they're going to raise taxes big in this country. it was a really bad move i made. please, think about investments from the point of view of whether or not they're going to go up or not. we worry way too much about the tax man. and the one time i listened to my adviser to do it, it was a huge mistake. i violated my own rules. don't violate my rules. todd in new york. >> caller: hi, jim. i know you don't like writing covered calls. it recently came to my attention that writing covered calls is basically the same thing as shorting a put. could you please explain the difference? >> no, one has unlimited downside and one cuts off your ups
to the other, mildly interesting and it has no wider implications whatsoever. >> americans for tax reform did the math behind howard's decision. the higher tax liability in l.a. that includes state and federal tax was leave him with an annual salary of just over $10.3 million. in texas where there is no state income tax horx ward will be receiving $12.4 million each year. and that is your difference. >> look, that's not how free agency works. players naturally gravitating too where taxes were the lowest every nba player would be playing for the cayman island conches. so look, fine, fine, if the media is going to take all of our innocent pleasures from sports to babies to kints and shove them through some partisan prism, i guess there is no refuge left except nature herself, the great outdoors, far from the political babble. >> after months, years really, of anticipation, it is happened. washington's corps flower has bloomed. a giant rainforest plant living in the u.s. bot anic gaernds is a giant flower that smells oddly like rotting flesh. >> lovely. a flower, a lovely blooming miracle of nat
in the world to impose the fat tax some people say consumers should pay moreheal they love what denmark did. >> the decided to implement the fat tax basically go tod the supermarket to buy a food above a certain level of fat they charge you extra do we feel good? >> absolutely. >> it passed overwhelmingly but d they would switch to the cheaper food or go across3 the border. repealed the fat tax so far they have not mentioned that >> i think they'd make a big mistake. >> eighth tried it theyea tried you're dumb idea and they said that was a bad idea.a >> i believe they said great>> idea also attacks on candy. c >> caddie define fast-food a solid or the big mac you can bet the lobbyist will determine what a fast food is. >> and other similar problem is candy the bureaucrats decided this hershey bar is but this is not because it contains flower.fl store clerks don't know what t to charge. >> flour, sugar, eggs. >> kurtis sir one an award of the food network. >> aren't you poisoning are people? to make everybody fat..3 >> without a little fat and sugar what would life be? >> we ask her to make
in the days ahead. in the meantime, before ron there was jack, think reagan's tax cuts were a big deal in the 80s? you should hear the drive jack k was getting pushing tax cuts of his own in the '60s. >> $ 10 billion will increase purchasing power o american families, and business enterprises, in every tax bracket. my mother made the best toff in the wor. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffeeompany through legalzoom. never really thought i would make money doing what i love. [ robert ] we cread legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting thin five minutes. symbicort doesn't replace a resc
, think reagan's tax cuts were a big deal in the 80s? you should hear the drive jack k was getting pushing tax cuts of his own in the '60s. >> $ 10 billion will increase purchasing power of american families, and business enterprises, in every bracket. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in ft, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. neil: liberals listen up, i want you to hear one of your heroes talks tax cuts up. >> billions of dollars some bill would place in hands of our consumer and businessman, every dollar released from taxing a, will help create a new job and a new salary, these. >> you jobs and new salaries can create other jobs and other salaries. neil: sounds almost like ronaldinronaldreagan that was jn 1962 talk
and mr. de blasio have proposals to raise taxes on some of the wealthiest new yorkers. mr. liu, for the first response, how would you raise taxes? on whom precisely, and how would you use that money to reduce inequality? >> thank you very much. this is something i've been focused on ever since i took office of comptroller. income inequality is ruining our chances for real economic recovery that can be a shared prosperity for all new yorkers. specifically, i've put together a tax plan, a tax reform plan that will ask those over 500, those who make over $500,000 per year, the 1% is such as bill thompson to pay a little bit more -- [laughter] and those below that threshold will pay a little bit less. because right now it's shocking, it's appalling that in the city of new york we have a flat tax. meaning no matter how much o you make, you pretty much pay the same rate of tax. it should be a progressive tax system like everywhere else in the country and that means those to make less pay less but those who make more pay more. that is a fair system and it's one that will start narrowi
budget and you look at the weight of the tax reform, it is heavily weighted to the wealthy and, to be sure, to the corporations. and the working poor are the ones who are bearing the brunt of the burden. >> not everyone agrees. tammy fitsgerald runs the north carolina values coalition. >> immoral monday is a term i have used, and i do believe it is true because i think that the issue that is the crowds out there every monday night are fighting for and protesting for are basically immoral positions. >> she thinks the protesters are a small minority, out of the mainstream against a legislature that's behaving prudently. >> the question is whether you want the government to take care of people who have needs or whether you want private citizens and the church to do that, and it's a diabolical split in philosophy. >> politically, north carolina has been pretty evenly divided. obama won here in his first presidential election. but in 2010 the republicans for the first time since reconstruction won both houses in the general assembly. then they redrew the district lines making it eas
had 16 tax cuts signed into law to help small businesses grow and thrive. as we know, during the last 15 years, small businesses account for about 2/3 of the job growth in our country, but when the bush recession hits in 2009, 2010, small businesses were hit particularly hard. small businesses are the center of her agenda. congress under her leadership gave 27 million small businesses tax cuts. two main pieces of legislation -- the small businesses jobs act in the information you have, will create a total of 500,000 jobs and create eight tax cuts. they are all described in the packet you have. also, unleashing up to $300 billion in credit for small businesses to access. there are another eight tax cuts that were passed through a number of different laws. some of our panelists will address those. even though now we are in an environment where there is a republican majority in the house and a slimmer majority in the senate, please note that the leader and democrats are going fight hard to keep their agenda and restart our economy, and there will be more work to be done. i would like to
concerned one ip -- hear people say the payroll tax is a job killer. maybe in some industries the payroll tax might be a disincentive on business going forward, but i would not be surprised if we came out of the whole discussion about remaking our tax for next year that it involves a combination of a payroll tax, commercial occupancy tax, and gross receipts tax. all of that could be in a remade form of our business tax structure. >> that is a good question to ask. i will ask this monday. >> i was born in of los angeles. i was in a mexican-american, a chicano town. my dad was a launch your worker. my mother was an office worker at usc. my parents were divorced when i was 10 years old. i moved to the east coast and lived there for six years and then fled back to california after high school. i went to school at uc santa barbara. i have been in san francisco since 1989, have lived in the excelsior since 1999. the difficulty is, muni often sees it as an industrial area, not a neighborhood. we have to figure out how to make it work as a neighborhood and as a place that can service the light ra
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